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Which of the following events would be treated as sources of cash in a direct method cash flow statement? I. Growth in receivables II. Increased

Which of the following events would be treated as sources of cash in a direct method cash flow statement? I. Growth in receivables II. Increased borrowings under a line of credit III. Sale of fixed assets IV. Purchase of Treasury stock

A. i & IV

B. II & III

C. I, II & III

D. II, III & IV

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